The Geo. D. Warthen Bank is headquartered in Sandersville and is the 101st largest bank in the state of Georgia. It is also the 3,566th largest bank in the nation. It was established in 1871 and as of March of 2014, it had grown to 47 employees at 2 locations. The Geo. D. Warthen Bank has a C health rating.
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Limited To Seven Georgia Counties
For their Rewards Checking:
"This product is limited to those persons residing in the following counties. Washington, Johnson, Jefferson, Hancock, Glascock, Baldwin, and Wilkinson."
Data for Q1 2014
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 The Geo. D. Warthen Bank had $6.34 million in non-current loans and owned real-estate with $14.46 million in equity and loan loss allowances on hand to cover it. This gives The Geo. D. Warthen Bank a Texas Ratio of 43.81% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for The Geo. D. Warthen Bank experienced no significant changes from 46.17% as of March 31, 2013 to 43.81% as of March 31, 2014, resulting in a positive change of 5.12%.This indicates that the balance sheet and financial strength for The Geo. D. Warthen Bank has had no significant changes in recent periods.
Deposit Growth
In the past year, The Geo. D. Warthen Bank has decreased its total deposits by -$8.59 million, resulting in -5.78% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth The Geo. D. Warthen Bank has shown is below average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. The Geo. D. Warthen Bank has $159.94 million in assets with $14.46 million in equity, resulting in a capitalization level of 9.04%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 2154 |
| Year Established | 1871 |
| Employees | 47 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $159.94 million |
| Loans | $93.07 million |
| Deposits | $139.91 million |
| Equity Capital | $13.61 million |
| Loan Loss Allowance | $854,000 |
| Unbacked Noncurrent Loans | $1.10 million |
| Real Estate Owned | $5.24 million |
| Historic Data - March 2013 | |
|---|---|
| Assets | $164.68 million |
| Equity Capital | $15.57 million |
| Loan Loss Allowance | $1.08 million |
| Unbacked Noncurrent Loans | $1.10 million |
| Real Estate Owned | $1.24 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.29% |
| Return on Assets | 0.46% |
| Return on Equity | 5.42% |
| Interest Income | $1.66 million |
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The Geo. D. Warthen Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | - | $10k | REALSaver - Qualifying | |
| 0.05% | - | - | REALSaver - Non Qualifying |
The Geo. D. Warthen Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.90% | - | $10k | Reward Checking-REALSaver - Qualifying | |
| 0.90% | - | $10k | Reward Checking - Qualifying | |
| 0.05% | - | - | Reward Checking-REALSaver - Non Qualifying | |
| 0.05% | - | - | Reward Checking - Non Qualifying |
| The Geo. D. Warthen Bank Locations | ||
|---|---|---|
| The Geo. D. Warthen Bank | 216 North Harris Street | Sandersville, GA 31082 |
| Limited Service Facility | 603 South Harris Street | Sandersville, GA 31082 |